LDK Solar hikes revenue forecast, but stock's still struggling - Elizabeth Harrow

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LDK Solar hikes revenue forecast, but stock's still struggling
Oct 27, 2009 05:40 PM UTC

Elizabeth Harrow

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Filed under: Earnings reports, Forecasts, Options

LDK Solar Co., Ltd. (NYSE: LDK) was broadly higher Tuesday after boosting its top-line guidance for the third quarter. The alternative energy issue now anticipates revenue of $270 million to $290 million for the period, compared to its earlier forecast for $240 million to $270 million. Analysts' consensus expectations call for third-quarter revenue of just $249.9 million, according to Thomson Reuters.

LDK added that it now expects wafer shipments for the third quarter to range between 310 megawatts (MW) and 330 MW, up from its previous view of 260 MW to 300 MW. Simultaneously, the firm dropped its forecast for module shipments -- instead of 10 MW to 20 MW, LDK is now looking for module shipments of 5 MW to 10 MW.

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LDK Solar hikes revenue forecast, but stock's still struggling originally appeared on BloggingStocks on Tue, 27 Oct 2009 12:40:00 EST. Please see our terms for use of feeds.

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